OFFICIAL               9 o6 -,,U
DOCUMENTS J
RECOMMENDATION OF STATUTRYOM                  FFE
TO:    The President, International Development Association
Recommendation of the Committee under Section 1 (d) of Article V of the
Articles of Agreement on the proposed Grant (First Economic Reform
Development Policy Financing) to the Republic of Kiribati.
The undersigned Committee constituted under Section 1 (d) of Article V of the
Articles of Agreement of International Development Association (the Association)
hereby submits its recommendation pursuant to said Section in respect of the proposal
that the Association grant to the Republic of Kiribati a grant in an amount equivalent to
SDR 3,400,000. The purpose of said operation is to support Republic of Kiribati in
strengthening public services, while improving fiscal sustainability.
1.    The Committee has carefully studied the merits of the proposal to grant such a
grant, and of the purpose to which the proceeds of the grant are to be applied.
2.     The Committee is of the opinion that the program in support of which the
proceeds of such grant are to be applied comes within the purposes of the Association as
set forth in Article I of said Articles of Agreement, and that said program is designed to
promote the economic development of the Republic of Kiribati and is of high
developmental priority in the light of the needs of the Republic of Kiribati.


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